Real Effective Exchange Rate in Panama
Panama: Real Effective Exchange Rate was 105.73 in 2024. ▬ Flat
Real Effective Exchange Rate in Panama, 1995–2024
Source: World Bank staff calculations based on Datastream and IMF International Finance Statistics data.
Analysis
In 2024, real effective exchange rate in Panama stood at 105.73.
That represents a change of up 13.0% on the previous year and down 1.8% over ten years.
Over the whole period, real effective exchange rate in Panama peaked at 122.61 in 2017 and was at its lowest, 93.53, in 2023.
That places Panama 36th out of 107 countries with data for 2024, putting it in the middle of the range.
Real Effective Exchange Rate in Panama, year by year
| Year | Value | Change |
|---|---|---|
| 1995 | 116.12 | — |
| 1996 | 113.11 | -2.6% |
| 1997 | 115.76 | +2.3% |
| 1998 | 109.43 | -5.5% |
| 1999 | 104.81 | -4.2% |
| 2000 | 106.47 | +1.6% |
| 2001 | 98.22 | -7.7% |
| 2002 | 101.89 | +3.7% |
| 2003 | 98.61 | -3.2% |
| 2004 | 97.47 | -1.1% |
| 2005 | 100.52 | +3.1% |
| 2006 | 103.64 | +3.1% |
| 2007 | 102.24 | -1.3% |
| 2008 | 97.07 | -5.1% |
| 2009 | 96.59 | -0.5% |
| 2010 | 99.95 | +3.5% |
| 2011 | 102 | +2.1% |
| 2012 | 103.25 | +1.2% |
| 2013 | 100.69 | -2.5% |
| 2014 | 107.62 | +6.9% |
| 2015 | 116.6 | +8.3% |
| 2016 | 120.16 | +3.1% |
| 2017 | 122.61 | +2.0% |
| 2018 | 107.72 | -12.1% |
| 2019 | 97.07 | -9.9% |
| 2020 | 97.57 | +0.5% |
| 2021 | 100.14 | +2.6% |
| 2022 | 97.66 | -2.5% |
| 2023 | 93.53 | -4.2% |
| 2024 | 105.73 | +13.0% |
Panama compared with similar countries
- Panama's 105.73 is above the median for high income countries, which is 101.37, 1.0× the median. (50 countries reporting)
- Panama's 105.73 is above the median for Latin America & Caribbean, which is 104.5, 1.0× the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 111.84 | 104.81 | 116.12 | 5 |
| 2000s | 100.27 | 96.59 | 106.47 | 10 |
| 2010s | 107.77 | 97.07 | 122.61 | 10 |
| 2020s | 98.93 | 93.53 | 105.73 | 5 |
Countries ranked near Panama
More reference data data for Panama
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.1446 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.6179 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.9793 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0285 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.9793 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.4849 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.2267 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 3.44 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 5.08 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.1553 (2050)
Frequently asked questions
- What is real effective exchange rate in Panama?
- Real effective exchange rate in Panama was 105.73 in 2024, according to World Bank staff calculations based on Datastream and IMF International Finance Statistics data.
- What is the highest real effective exchange rate recorded in Panama?
- The highest recorded value was 122.61 in 2017.
- What is the lowest real effective exchange rate recorded in Panama?
- The lowest recorded value was 93.53 in 2023.
- How does Panama rank for real effective exchange rate?
- Panama ranks 36th out of 107 countries with data for 2024.
- Is real effective exchange rate rising or falling in Panama?
- Over the last ten years it is down 1.8%. The long-run trend across the full record is flat.
- Where does this Panama data come from?
- The figures come from World Bank staff calculations based on Datastream and IMF International Finance Statistics data, published as part of Real Effective Exchange Rate. Statizoid updates them automatically from the source API.
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About this data
Real effective exchange rate is the nominal effective exchange rate (a measure of the value of a currency against a weighted average of several foreign currencies) divided by a price deflator or index of costs.